Priceline.com Profit Surges; Stock Down On Weak Outlook - Quick Facts

(RTTNews) - priceline.com Inc. (PCLN) Thursday reported third-quarter net income to common stockholders of $833 million or $15.72 per share compared with $597 million or $11.66 per share last year.

Excluding items, adjusted earnings for the quarter were $920 million or $17.30 per share compared with $638 million or $12.40 per share a year ago.

On average, 26 analysts polled by Thomson Reuters estimated earnings of $16.15 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $2.27 billion compared with $1.7 billion in the prior year. Twenty-three analysts had a consensus revenue estimate of $2.22 billion for the quarter.

Looking ahead to the fourth quarter, priceline.com expect net earnings of $6.40 to $6.90 per share, adjusted earnings of $7.80 to $8.30 per share and and revenue growth of 19 percent to 26 percent. Analysts expect earnings of $8.27 per share on revenue growth of 28.10 percent.

The company expects total gross travel bookings to climb 27 percent to 34 percent for the quarter.